Anadarko Petroleum Co. to Post FY2017 Earnings of ($2.05) Per Share, Capital One Financial Forecasts (APC)
Anadarko Petroleum Co. (NYSE:APC) – Research analysts at Capital One Financial raised their FY2017 earnings per share (EPS) estimates for shares of Anadarko Petroleum in a note issued to investors on Tuesday. Capital One Financial analyst P. Johnston now expects that the oil and gas development company will earn ($2.05) per share for the year, up from their previous forecast of ($2.24). Capital One Financial also issued estimates for Anadarko Petroleum’s Q4 2017 earnings at $0.09 EPS and FY2018 earnings at $0.85 EPS.
Other research analysts have also issued reports about the company. TheStreet raised Anadarko Petroleum from a “d+” rating to a “c” rating in a research report on Tuesday. Jefferies Group reaffirmed a “buy” rating and issued a $78.00 target price on shares of Anadarko Petroleum in a research report on Thursday. Macquarie raised Anadarko Petroleum from a “neutral” rating to an “outperform” rating and set a $70.00 target price on the stock in a research report on Thursday. BMO Capital Markets upped their target price on Anadarko Petroleum from $65.00 to $70.00 and gave the stock an “outperform” rating in a research report on Thursday. Finally, Credit Suisse Group began coverage on Anadarko Petroleum in a research report on Monday, December 11th. They issued an “outperform” rating and a $61.00 target price on the stock. Three equities research analysts have rated the stock with a sell rating, four have issued a hold rating and nineteen have assigned a buy rating to the stock. Anadarko Petroleum presently has an average rating of “Buy” and a consensus target price of $67.95.
Anadarko Petroleum (NYSE:APC) last posted its quarterly earnings results on Tuesday, February 6th. The oil and gas development company reported $0.18 earnings per share for the quarter, beating the consensus estimate of $0.03 by $0.15. The firm had revenue of $2.93 billion for the quarter, compared to analyst estimates of $2.90 billion. Anadarko Petroleum had a negative return on equity of 7.38% and a negative net margin of 3.83%. Anadarko Petroleum’s quarterly revenue was up 22.7% on a year-over-year basis. During the same period in the previous year, the firm earned ($0.50) earnings per share.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 28th. Stockholders of record on Wednesday, March 14th will be issued a dividend of $0.25 per share. This is a positive change from Anadarko Petroleum’s previous quarterly dividend of $0.05. The ex-dividend date is Tuesday, March 13th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.78%. Anadarko Petroleum’s dividend payout ratio is currently -25.32%.
Anadarko Petroleum declared that its Board of Directors has approved a share buyback plan on Wednesday, February 7th that authorizes the company to buyback $500.00 million in outstanding shares. This buyback authorization authorizes the oil and gas development company to buy shares of its stock through open market purchases. Shares buyback plans are often an indication that the company’s board believes its stock is undervalued.
Hedge funds and other institutional investors have recently modified their holdings of the company. Fis Group Inc. acquired a new position in shares of Anadarko Petroleum during the 3rd quarter valued at about $107,000. Stelac Advisory Services LLC acquired a new position in shares of Anadarko Petroleum during the 3rd quarter valued at about $107,000. Steward Partners Investment Advisory LLC acquired a new position in shares of Anadarko Petroleum during the 3rd quarter valued at about $116,000. Cerebellum GP LLC acquired a new position in shares of Anadarko Petroleum during the 4th quarter valued at about $131,000. Finally, Resources Investment Advisors Inc. acquired a new position in shares of Anadarko Petroleum during the 4th quarter valued at about $142,000. 88.02% of the stock is currently owned by institutional investors and hedge funds.
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About Anadarko Petroleum
Anadarko Petroleum Corporation (Anadarko) is an independent exploration and production company. The Company is engaged in developing, acquiring, and exploring for oil and natural-gas resources. The Company’s segments include Oil and Gas Exploration and Production; Midstream, and Marketing. The Company’s geographical segments include the United States and International.
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